RGW Construction, Inc. v. Lucido

CourtUnited States Bankruptcy Court, N.D. California
DecidedSeptember 13, 2023
Docket21-04031
StatusUnknown

This text of RGW Construction, Inc. v. Lucido (RGW Construction, Inc. v. Lucido) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, N.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
RGW Construction, Inc. v. Lucido, (Cal. 2023).

Opinion

US. BANKRUPTCY COURT a □□ NORTHERN DISTRICT OF CALIFORNIA AY □□ eS □□□ Qa? □□□□ KS l □□□□□□□□ The following constitutes the order of the Court. 2 Signed: September 13, 2023 3 4 LES Re Loot 5 CharlesNovack = ss—<—s 6 U.S. Bankruptcy Judge 7 UNITED STATES BANKRUPTCY COURT 8 NORTHERN DISTRICT OF CALIFORNIA 9 In re: Case No. 21-40548 CN 10 Chapter 11 11 MARK F. LUCIDO, D Debtor. 13 Adversary No. 21-4031 CN 14) RGW CONSTRUCTION, INC., 15 Plaintiff, MEMORANDUM DECISION RE: 16 CHAPTER 11 DISCHARGE 17 VS. 18 MARK F. LUCIDO, 19 Defendant. 20 21 On June 6, 2023, June 8, 2023 and July 12, 2023, this court conducted a trial on plaintiff RGW Construction, Inc.’s (““RGW’’) complaint to deny Chapter 11 debtor Mark 23 | Lucido (“Lucido”) a chapter 11 discharge under Bankruptcy Code §1141(d)(3) (the 24} “Complaint’). All appearances were noted on the record. The following constitutes the court’s findings of fact and conclusions of law pursuant to Federal Rule of Bankruptcy 96 | Procedure 7052. a7} ///

The RGW Judgment 1 Before he filed his Chapter 11 bankruptcy, Lucido was the 100% owner of Bay Area 2 Drilling, Inc., an entity involved in the heavy construction drilling business (“BAD”). In 3 September 2014, RGW and BAD executed two subcontracts for BAD to provide drilling 4 and installation services for a California Department of Transportation project on Highway 5 880 in Oakland. In August 2017, RGW terminated the subcontracts for cause and on 6 November 28, 2018, RGW sued BAD in Alameda County Superior Court. 7 On January 7, 2020, the Alameda County Superior Court entered a $1,781,538.79 8 judgment in favor of RGW (the “Judgment”), which RGW then sought to enforce. In 9 response to RGW’s enforcement efforts, Lucido took steps to protect his real property 10 interests by, among other things, formally documenting debts that he allegedly owed to 11 family members relating to the construction, development and improvement of two parcels 12 of real property. On March 9, 2020, Lucido transferred a 50% ownership in his Arnold, 13 California residence (the “Arnold Property”) to his mother, Geraldine Lucido 14 (“Geraldine”). On March 31, 2020, Lucido provided his brother, Frank Lucido, with a 15 $162,000 deed of trust and MDL Associates, a corporation wholly owned by another 16 brother, Mike Lucido, with a $336,000 deed of trust against Lucido’s commercial property 17 located in Pittsburg, California (the “Pittsburg Property”)1. While much was made during 18 trial regarding the consideration provided for these transfers, the evidence clearly 19 suggested (as discussed in greater detail infra) that: a) Geraldine had provided part of the 20 funds that were used to purchase the land and build the residence on the Arnold Property; 21 and b) Lucido’s brothers – both of whom are in the construction trade – helped renovate 22 the Pittsburg Property. 23 The BAD and Lucido Bankruptcies 24 On December 22, 2020, BAD filed a chapter 7 bankruptcy petition (Case No. 20- 25 41936). Marlene Weinstein was appointed chapter 7 Trustee (the “BAD Trustee”). The 26 BAD bankruptcy case remains pending. Lucido then filed this SubChapter V Chapter 11 27

28 1 The Pittsburg Property was already subject to a substantial first deed of trust. bankruptcy on April 21, 2021. Two significant BAD related claims have been filed in 1 Lucido’s bankruptcy. First, the BAD Trustee filed a $3.151 million unsecured proof of 2 claim based on an alleged breach of fiduciary duty by Lucido to BAD, which caused BAD 3 to breach its RGW subcontracts. Second, and notwithstanding the fact that the Judgment 4 was entered only against BAD, RGW filed a $2,657,078.21 unsecured claim based almost 5 entirely on its assertion that Lucido was BAD’s alter ego and therefore equally liable for 6 the Judgment2. 7 On November 2, 2022, the BAD Trustee objected to RGW’s proof of claim, alleging 8 that: a) the Alter Ego Claim belonged to the BAD estate and RGW lacked standing to assert 9 it; and b) RGW’s claim was duplicative of the BAD Trustee’s claim (the “Objection”). 10 After briefing and a hearing, the court sustained the Objection and disallowed all but the 11 $3,450 attributable to the sanctions award. On January 9, 2023, RGW appealed the order 12 sustaining the Objection and elected to have the appeal heard by the District Court. RGW 13 did not seek a stay pending appeal. On September 7, 2023, the District Court reversed this 14 court’s order sustaining the Objection, leaving RGW with its full $2,657,078.21 unsecured 15 claim in this Chapter 11 (the ultimate resolution of which is still uncertain). 16 The Plan 17 On April 28, 2023, Lucido filed an amended Chapter 11 Small Business Subchapter 18 V Plan (the “Plan”).3 The Plan provided, among other things, that Lucido would sell the 19 Pittsburg Property and retain the Arnold Property and all of his personal property. Lucido 20 proposed to fund the Plan with the sales proceeds of the Pittsburg property, his social 21 security income, income derived from his consulting business (related to the drilling 22 business) and his work as an employee out of Operating Engineers Local #3. 23

24 2 RGW’s proof of claim included a $3,450 sanctions award which the Alameda 25 County Superior Court had levied directly against Lucido during the BAD litigation. The remaining amount of its claim was based on its alter ego argument (the “Alter Ego Claim”). 26 3 The Plan is the fourth plan filed in this case. Lucido initially filed a plan on July 27 20, 2021, and filed amended plans on January 11, 2023, and February 17, 2023 (the “Second Amended Plan”). The Second Amended Plan came on for hearing on April 14, 28 2023, and confirmation was denied without prejudice. The current Plan followed. The Complaint 1 RGW filed the Complaint on November 15, 2021, in response to Lucido’s initial 2 Chapter 11 plan. While some of the plan terms have changed over the various plan 3 iterations, the funding methods have remained constant, and the Complaint is still relevant. 4 RGW seeks to deny Lucido’s Chapter 11 discharge under Bankruptcy Code §1141(d)(3). 5 It alleges that Ludico is not entitled to a discharge because: (1) the Plan is a liquidating 6 chapter 11 plan; (2) Lucido will not and cannot engage in “business” after Plan 7 consummation; and (3) Lucido would be denied a discharge in a chapter 7 case4 because 8 he: (1) concealed, destroyed, mutilated, falsified or failed to keep or preserve his financial 9 records by failing to produce BAD’s financial records when asked to provide them during 10 BAD’s bankruptcy (see 11 U.S.C. §727(a)(3)); (2) gave false testimony when he stated 11 under oath that his March 9, 2020 Arnold Property transfer to Geraldine was justified (see 12 11 U.S.C. §§727(a)(4) and (a)(5)); (3) issued a bogus post-petition promissory note to MF 13 Engineering5 in an attempt to defraud BAD’s creditors (see 11 U.S.C. §§727(a)(4) and 14 (a)(7)); and (4) offered money and property to his family members in order to gain an 15 advantage and to defraud his creditors (see 11 U.S.C. §727(a)(4)(C)). 16 Since filing the Complaint, RGW appears to have abandoned some of its § 727(a) 17 arguments and added others. In its trial brief and post-trial brief, RGW continues to 18 maintain that Lucido would be denied a Chapter 7 discharge under §§727(a)(3) and 19 (a)(4)(A) but makes no mention of (and thus has apparently abandoned) its §§727(a)(5) 20 and (a)(7) arguments.

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RGW Construction, Inc. v. Lucido, Counsel Stack Legal Research, https://law.counselstack.com/opinion/rgw-construction-inc-v-lucido-canb-2023.